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arxiv 2211.06112 v1 pith:KLXQR2ST submitted 2022-11-11 cs.CL cs.AIcs.LG

Towards automating Numerical Consistency Checks in Financial Reports

classification cs.CL cs.AIcs.LG
keywords financialauditingkpisperformancereportsachievesassistautomatically
verification ladder T0 review T1 audit T2 compute T3 formal T4 reserved
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We introduce KPI-Check, a novel system that automatically identifies and cross-checks semantically equivalent key performance indicators (KPIs), e.g. "revenue" or "total costs", in real-world German financial reports. It combines a financial named entity and relation extraction module with a BERT-based filtering and text pair classification component to extract KPIs from unstructured sentences before linking them to synonymous occurrences in the balance sheet and profit & loss statement. The tool achieves a high matching performance of $73.00$% micro F$_1$ on a hold out test set and is currently being deployed for a globally operating major auditing firm to assist the auditing procedure of financial statements.

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